Natural Resources Boom (Early 21st Century)

Labor Market Impact of a Technological Shock

Consider a country that is a net importer of energy. Which of the following statements most accurately analyzes the likely initial impact of a sudden, sharp, and sustained increase in global energy prices on this country's labor market?

Comparing Labor Market Impacts of Different Economic Shocks

A sudden global pandemic leads to government-mandated lockdowns and a sharp decrease in consumer mobility. Arrange the following events to illustrate the logical sequence of impacts on the domestic labor market.

Transmission of a Global Financial Shock to a Domestic Labor Market